# Dry bulk shipping market sees positive growth | Dry Bulk

> The Baltic Exchange Capesize timecharter average closed at US$21,674 in late May 2024, about US$500 lower week on week but US$5,000 higher year on year. Panamax activity was mostly flat, with firmer rates in Asia and steady grain and mineral demand from the Americas.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/30456-dry-bulk-shipping-market-sees-positive-growth-dry-bulk
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stable to firm Panamax rates on Asian grain routes keep ocean freight costs elevated for feed importers. Week-on-week softness in Capesize rates offers little relief to landed grain costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- drybulkmagazine.com: https://www.drybulkmagazine.com/shipping/30052024/dry-bulk-shipping-market-sees-positive-growth/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.